I’m in an east coast beach area where it’s been traditional for guests to bring everything - linens,TP, paper towels, dish soap, cleaning supplies etc.

Biloxi mostly, trying to stay south of I-10, but the northside is getting interesting.Long Beach, BayStLou, Pass Christian, but mostly Biloxi - nothing in Gulfport.Pascagoula and Gautier are calling me, but not yet.. staying west of 110 and south of 1-10 so far.

We’re one ofthe few property managers that require W-2’s and a bank statement and we go way beyond the traditional, “income must =3x rent” qualifier.Below is more information about what our Applications Department does to screen applicants and find the best tenantspossible for your property.Required InfoWe require the following from each applicant over the age of 18, that is not a dependent of anotherapplicant (as evidenced on a tax return):Copy of acceptable state picture IDRecent YTD paystubRecent W-2Recent Bank Statement, all pages, no info blacked outRecent tax return if self-employedApplicants are often slow about turning this information in, asking us why we need it and then takingseveral days to submit.

I see them as huge opportunities but not talked about a lot.Well REO's have gone down to to lower foreclosure rates. drawbacks are banks are very low and non responsive, unless its not a traditional bank and a private lender then you could possibly get a better deal.

Both 30 days and 60 days are common in traditional leases.In a 60-day notice example, most respectable landlords would communicate 70-80 days before the end of the lease and ask the tenant about their intentions to end or renew the lease.

You have to treat REI like a business, which means you need to understand how to have a REI investment plan (this isn't a traditional business plan), and you have to understand how money works within the realm of REI. 

to get to the point, i would find an area likely to experience more demand and ensure the financials work out for both MTR & LTR's. i would ideally start out with a fourplex and depending how that goes, possibly scale from there. i do believe that it is more traditional to syndicate on larger properties so i am wondering if you know if it is possible to syndicate, starting off, for one fourplex or even one MTR condo. my gut feeling is to start with one beach-front condo in florida that requires $37,250 down . a new construction fourplex, however, i could finance with a USDA loan myself and not have to consider investors so that may make things easier, possibly.no airbnb's. maybe VRBO. two week minimum stay. only in areas very likely to have housing demand due to new factories being built.i own/run an STR right now and it is going well with only the occasional hiccup.

I've been looking for a 2-4 unit building to access traditional financing for around $200k.

Quote from @Christian Myhal: Wouldn't it be beneficial to pay for an hour of your cpa s time so they can guide you on how to categorize these things? 

Then why not sell it on the open market to a traditional buyer?